HENDERSONVILLE, Tennessee—U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.
26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019):
- Occupancy: 62.8% (+3.0%, -5.6%)
- Average daily rate (ADR): US$151.35 (+8.9%, +14.1%)
- Revenue per available room (RevPAR): US$95.06 (+12.1%, +7.7%)
Among the Top 25 Markets, Detroit saw the highest occupancy increase over 2019 (+5.0% to 63.2%), while Washington, D.C. was up the most from last year (+23.6% to 64.1%).
D.C. also showed the most substantial RevPAR growth year over year (+52.2% to US$113.56).
In terms of ADR, Las Vegas (US$196.65) reported the highest ADR increase when measuring against 2019 (+56.8%) and 2022 (+33.7%). Las Vegas also saw the largest jump in RevPAR over 2019 (+54.3% to US$153.55).
The steepest RevPAR declines from 2019 were seen in San Francisco (-51.4% to US$117.39) and New Orleans (-19.4% to US$122.95). Year over year, Miami (-4.2% to US$225.72) was the only Top 25 Market to report a RevPAR decrease.
Additional Performance Data
STR’s world-leading hotel performance sample comprises 77,000 properties and 10 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
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